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Transcripts For CNBC Power Lunch 20130904

Well at the moment, and in a moment Mary Thompson will join us for the nyse side of the debacle but first Bertha Coombs is live from the nasdaq. Bertha. Reporter simon, this was a bit of a sort of son of the flash freeze that we saw back on august 22nd, the nasdaq saying that, its quote system, its ss. I. P. , the system and data feed that gives out quotes, failed this morning at 11 35. They say the outage lasted six minutes and it was contained to a range of tickers. Now, the nasdaq says that this time it appears the problem was a back end server failure and that the backup system did kick in. It took about six minutes. Youll recall back on august 22nd it took about 30 minutes for them to get the system back up and running and figure out what the problem was. Back then the issue was a software glitch. A Software Problem ....

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